Gold has risen $300 and silver $3-$4 recently, so collectors' items like Krugerrands and Morgan dollars are being melted for bullion instead of sold as collectibles. A 12-piece sterling flatware set typically sells for $1,200 to $3,000 depending on serving pieces and condition.
Now, precious metals, gold and silver. I gave this speech, or a speech, maybe 3, 4 months ago. Gold went up $300. Silver probably went up $3 or $4. So gold and silver's hot. The thing about it is, even though it's hot, I'm gonna be honest with you, a lot of this stuff gets melted. It becomes a commodity. It's just too high. We were talking about it earlier with the coins, you know? A Krugerrand, you know, you used to get a premium for, but now it's just so expensive, it's hard to sell 'em. You know, Morgan silver dollars, unless it's in really good graded condition, it becomes metal for a lot of situations. And it's the same thing with a flatware set like this. You know, it's a beautiful flatware set in a beautiful case, sterling, service for 12. It's awesome. The price of the silver outweighed the demand for the actual item. You know, a set of 12 these days is usually, I would say, between $1,200 on the low side up to about $3,000 depending on serving pieces and 100 other things. Is it a service for 6, service for 8? Service for 12 is ideal, but is it a place setting, I should say, for 5, 6, 7, 8? Because the more pieces, of course, the more expensive, the more serving pieces, and so on and so forth. Please subscribe so you don't miss any future videos.
